We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
QuickLogic (QUIK) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
QuickLogic (QUIK - Free Report) ended the recent trading session at $6.25, demonstrating a -2.65% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.74%.
Shares of the maker of chips for mobile and portable electronics manufacturers have appreciated by 7% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.77%, and the S&P 500's gain of 4.2%.
The upcoming earnings release of QuickLogic will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 40% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4 million, reflecting a 3.15% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $22.75 million, which would represent changes of -150% and +13.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for QuickLogic. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, QuickLogic boasts a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 56, positioning it in the top 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
QuickLogic (QUIK) Stock Dips While Market Gains: Key Facts
QuickLogic (QUIK - Free Report) ended the recent trading session at $6.25, demonstrating a -2.65% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.74%.
Shares of the maker of chips for mobile and portable electronics manufacturers have appreciated by 7% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.77%, and the S&P 500's gain of 4.2%.
The upcoming earnings release of QuickLogic will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 40% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4 million, reflecting a 3.15% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $22.75 million, which would represent changes of -150% and +13.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for QuickLogic. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, QuickLogic boasts a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 56, positioning it in the top 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.